News

Investments
Ant-Backed Mynt Seeks More Funding On Heels Of $175 Million Round
January 20, 2021

Globe Fintech Innovations of the Philippines, the FinTech arm of Globe Telecom, landed $175 million in additional venture funding this month. Now, Globe Fintech, known as Mynt, is reportedly on the hunt for more cash — and looking to get a valuation over $1 billion....

Retail
Today In Retail: Birkenstock Might Sell To CVC; Cognira Releases AI Suite For Retail
January 20, 2021

In today’s top retail news, Birkenstock is said to be in discussions for a sale to CVC Capital Partners, while Cognira has released its AI Promotion Solution. Plus, Jennifer Lopez is depending on Flowcode for marketing of her new JLo Beauty brand. Get the Full...

International
Today In Payments Around The World: ByteDance Rolls Out Mobile Payments For Douyin; Dunzo Lands...
January 20, 2021

In today’s top payments news around the world, ByteDance has launched a mobile payment offering for Douyin, while Dunzo is closing a $40 million Series E funding round. Plus, MGM Resorts International announced that it is ending its bid to purchase the Entain gaming platform....

Digital Banking
Today In Digital-First Banking: Banque de France Completes CBDC Pilot; New PPP Extends $5 Billion...
January 20, 2021

In today’s top news in digital-first banking, Banque de France has completed its central bank digital currency (CBDC) test, while roughly 60,000 loans were distributed during the first week of the reopened Paycheck Protection Program (PPP). Plus, Goldman Sachs’ CEO says he doesn’t believe the present...

B2B Payments
Today In B2B: WEX Integrates With MYOB; Citi Accelerates ISO 20022 Path
January 20, 2021

Today in B2B payments, European banks pull back spending, while WEX collaborates with MYOB. Plus, dLocal partners with Dinie, RepSpark partners with PGA and Citi accelerates its ISO 20022 adoption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Banking
Three Years On, Open Banking’s Progress And Roadmap Ahead
January 20, 2021

Anniversaries offer a moment to pause and reflect, and look back on what’s past and what’s to come. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Investments
eSports Roundup: Epic Raises Prize Money To $20 Million; Simplicity Moves Toward IPO
January 20, 2021

Dota, Counter-Strike and League of Legends may not mean anything to most readers, but to those involved in the burgeoning eSports business, the top three most popular video games mean only one thing: big money. Get the Full Story Complete the form to unlock this...

Payments Innovation
Flywire: ‘I Wish For Embedded Payments To Become Ubiquitous In 2021’
January 20, 2021

Ryan Frere, executive vice president and general manager of B2B for Flywire, believes that embedded finance in B2B is key to payments optimization in 2021. In “A Look Forward: What Executives Wish for America and the World in 2021,” Frere shares three examples of how...

Investments
WeTrade Platform’s Nasdaq Transfer From OTC Could Raise $121 Million
January 20, 2021

The Chinese eCommerce services startup WeTrade Group is looking to raise about $121 million in its transfer from the OTC board to Nasdaq, according to the S-1 filed with the U.S. Securities and Exchange Commission (SEC). Get the Full Story Complete the form to unlock...